CM Trade

Download APP to receive bonus


JPN225: low shock

Fundamental analysis:

On March 13 (Monday), the Nikkei 225 Index closed down 294.47 points, or 1.05%, to 27849.50 points. Japan's Chief Cabinet Secretary Hiroichi Matsuno: I don't think the Silicon Valley Bank incident has much impact on Japanese financial companies. Japanese financial institutions have sufficient liquidity and a generally sound capital base.

The Nikkei JPN225——4-hour K-line chart shows:

Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum continues to fluctuate downward, the short-term decline is low, the market as a whole is in a weak position, the MACD indicator is in the bearish area and continues to move down, and the RSI indicator is in the bearish area and hovers weakly;

Resistance: 27285 27360

Support level: 27075 26972

Trading strategy: bearish below 27210, target 27075 26972
Alternative strategy: call above 27210, target 27285 27360

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar